The
global project portfolio management market is estimated
to attain USD 8.85 billion by 2025, according to a new report by Grand View
Research, Inc. The growing trend of BYOD, among businesses, is expected to
improve employee productivity and real-time project monitoring; thereby, making
it feasible to implement project and portfolio management solutions.
Multi-regional
businesses are fueling the demand for project and portfolio management
solutions to foster effective decision-making and prevent project complexities.
The extensive use of project and portfolio management solutions in data
analytics, to offer convenient services to customers at low costs, in the BFSI
and IT & telecom sectors is anticipated to drive the market growth.
Emerging
businesses that adopt cloud-based services, mainly in developing economies such
as Asia Pacific, are expected to fuel the growth of project and portfolio
management market over the forecast period. Further, facilities, such as low
setup costs, improved security, and increased collaboration opportunities,
provided by the cloud-based solutions are expected to increase business
productivity and overall growth of an organization.
Full
Research Report On Global Project Portfolio Management Market Analysis:
https://www.grandviewresearch.com/industry-analysis/project-and-portfolio-management-software-market
https://www.grandviewresearch.com/industry-analysis/project-and-portfolio-management-software-market
Further
key findings from the report suggest:
- Increasing complexity in
banking operations, due to increased multi-regional operations and
outsourcing activities, is anticipated to elevate the demand for PPM
solutions in the BFSI application segment
- The BFSI segment dominated
the application segment of the project and portfolio market in 2015 and is
presumed to grow at a CAGR of 12% over the forecast period
- The new product
development segment is estimated to be the fastest-growing solution
segment in 2015 and is expected to witness a CAGR of 15% over the forecast
period
- Technological advancements
in cloud and mobile technologies are anticipated to enable increased
investment in the new product development segment for creating
applications that can be used on-the-go
- The services segment is
further segregated into support & consulting services, integration
& deployment, and training & education
- The deployment of
cloud-based solutions stimulates easy service delivery, owing to their
virtual presence that aids organizations in accessing data, anytime,
across connected devices
- The Asia Pacific region is
expected to contribute, significantly, to the industry growth, due to the
emerging Small and Medium Enterprises (SMEs) and increasing adoption of
BYOD. The regional market is predicted to grow at a CAGR of 14% over the
next nine years.
- The key industry
participants include CA, Inc., Celoxis Technologies Pvt. Ltd., Changepoint
Corporation, HP Development Company, L.P., Innotas, Planview Corporation,
Planisware, Microsoft, Oracle, and Workfront, Inc., among others
View more
reports of this category by Grand View Research at:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global project portfolio market
based on solution, platform, deployment, enterprise size, application, and
region:
Project
Portfolio Management Solution Scope (Revenue, USD Million; 2014 - 2025)
- Information
Technology
- New
Product Development
- Others
Project
Portfolio Management Platform Scope (Revenue, USD Million; 2014 - 2025)
- Software
- Services
- Integration
and Deployment
- Support
and Consulting
- Training
and Education
Project
Portfolio Management Deployment Scope (Revenue, USD Million; 2014 - 2025)
- Cloud
- On-premise
Project
Portfolio Management Enterprise Size Scope (Revenue, USD Million; 2014 - 2025)
- Small
and Medium Enterprises
- Large
Enterprises
Project
Portfolio Management Application Scope (Revenue, USD Million; 2014 - 2025)
- BFSI
- Government
- Engineering
& Construction
- Healthcare
- IT
& Telecom
- Others
Project
Portfolio Management Regional Scope (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
- Middle
East and Africa
View press
release of this research report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-project-portfolio-management-ppm-market
https://www.grandviewresearch.com/press-release/global-project-portfolio-management-ppm-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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